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Elon Musk Talks Stock Market, Tesla and the future · Elon Musk Podcast

• 0:02
  Hey everybody. Welcome back to the Elon Musk
• 0:04
  Podcast. This is a show where we discuss
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  the critical crossroads, The Shape, SpaceX, Tesla X, The
• 0:11
  Boring Company, and Neurolink. And I'm your host, Will Walden.
• 0:15
  If you want uninterrupted episodes of the Elon Musk
• 0:19
  Podcast, please go to clubelon.supercast.com to find
• 0:24
  out how. There's a link in the show
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  notes. What advice would you give a
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  young person like getting into the stock market?
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  Like, oh, stock advice. Wow.
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  Yes, Sir, yes, Sir. As as I, as I think people can,
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  can perhaps tell who are watching this, these, these,
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  these questions are not prepared in advance.
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  This is literally random questions from the crowd, which
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  is cool. I actually, I'm fine with that.
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  And, and I think the it's going to sound very, very
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  straightforward, but you want to really buy stock in companies
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  where you think the the products that that company makes will be
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  better in the future. Like, like are they, is that
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  company going to make more and better products or like, do you
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  love the products that that company makes?
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  And are they going to keep doing that?
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  And, and like, I think Tesla, as I've just gone through Tesla's
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  going to is, has made, has a track record of having made many
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  great products and we're going to make many more future grade
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  products and we're going to scale up production.
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  And I think we've demonstrated a level of innovation that is
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  extremely rare. I mean, certainly by far the
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  most innovative company in the car industry, like not even
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  close to everything. So you know, like I do think
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  Tesla stock actually long, I think long term with Optimus and
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  self driving, Tesla will probably be the most valuable
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  company in the world. But there are also other
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  companies out there that make great products and services.
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  So I think that's the way you want to look at it, say like is,
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  do you do you think this product, because that's the
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  reason why companies exist is to make great products and
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  services. So if you think that the company
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  is going to improve over time, then buy the stock.
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  And if you don't, then don't. And then the stock market is, is
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  it's a very strange thing. It's kind of like, you know, I
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  think it was Warren Buffett's sort of metaphor analogy is, you
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  know, stock markets like having someone stand at the edge of
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  your property or your house and, and yell prices about to, to
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  buy, buy or sell your house every day.
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  And like, sometimes they take their meds and sometimes they
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  don't, you know, so sometimes the person yelling at the price
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  of your house is having a good day or, and sometimes having a
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  bad day, but it's still the same house.
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  You're like, I'm like literally still the same house.
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  Like, you know, so Tesla stock goes up and it goes down, but
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  actually it's still the same company.
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  It's just people's perception of the future.
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  I don't know, I guess it's just very emotional, you know, So,
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  but for me, like, while it's difficult to predict how things
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  will be from, you know, in the next day, 6 to 12 months, if you
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  say like where will things be in three years or five years?
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  The future of Tesla is incredibly bright.
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  I think what, what we'll find with the robots is that the
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  there'll be a ratio of people to robots.
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  So you'll effectively end up having managing a group of
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  robots. So you know, you'll have like
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  basically, I don't know, your flock or your little group of
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  robots that you take care of and and you tell them what to do.
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  And I don't know, you'll have to look at a pack of robots
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  basically. Yeah, you're promoted to
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  manager. One way to think of it.
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  And I think the same thing will be true of cars.
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  Like, so for the self driving cars is, is that people that are
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  say, you know, Uber drivers today or, or something like
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  that, or taxi drivers today will end up managing a fleet of, of
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  cars and, and that'll be a much more effective use of that time,
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  you know, just taking care of like 1020 cars or however many
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  they can take care of. Yeah.
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  I mean, I'd love, I'd actually love to make airplanes
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  especially, but stretched pretty thin.
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  So I've like 17 jobs at this point.
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  I just go to sleep work, go to sleep for the work, and then do
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  that seven days a week pretty much.
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  People say, like, where do you go on vacation?
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  I'm like, what's that, You know? But I guess I like being
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  productive. I like getting things done.
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  So I guess I could choose to be like on an island somewhere,
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  some bit of Mai Tai, you know, with the attractive people in
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  bikinis and stuff. Why wait?
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  Why am I not doing that? What?
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  What a fool I've been. So yeah, I've actually thought
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  about aircraft designs for a long time.
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  And I think there's an interesting opportunity to make,
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  like, an electric supersonic VTOL jet.
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  You know, the Vtol's like cherry on the cake, but certainly
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  electric, electric, long range, fast electric airplane would be
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  very cool. You know, maybe at some point
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  we'll do that. Yeah, that'd be kind of fun.
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  We do have the ingredients for it.
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  So. And then there is the potential
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  for. Yeah, we're like thinking like
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  pretty far into the future here of not a not a conventional
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  train, but that sort of Hyperloop essentially vacuum
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  tunnels, like tunnels where you draw a vacuum so there's no air
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  resistance and you have very high speed autonomous electric
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  pods in a vacuum tube vacuum tunnel that would allow you to
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  go from city center to city center much faster than any
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  airplane could possibly go. Because going into the into the
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  an underground vacuum tunnel would it'd be like teleporting
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  to super high altitude effectively, which no plane
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  could do. And then it could deliver you
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  right to the center of a city. And that I don't know, maybe
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  that's some future collaboration with warring company and Tesla.
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  I got a million ideas. The ideas are I have more ideas
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  than I know what to do with. Ideas are kind of the easy part.
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  Execution is the hard part. As they say, it's 1%
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  inspiration, 99% perspiration. Hey, thank you so much for
• 7:27
  listening today. I really do appreciate your
• 7:29
  support. If you could take a second and
• 7:31
  hit this subscribe or the follow button on whatever podcast
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  platform that you're listening on right now, I greatly
• 7:37
  appreciate it. It helps out the show
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  tremendously and you'll never miss an episode.
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  And each episode is about 10 minutes or less to get you
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  caught up quickly. And please, if you want to
• 7:47
  support the show even more, go to patreon.com/stagezero and
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  please take care of yourselves and each other and I'll see you
• 7:56
  tomorrow.